Returnable transport packaging market is to reach USD 5.2-bn by 2026

By 05 Apr 2021

Returnable transport packaging comprises the packaging system that uses the reusable sacks, pallets, containers, drums, and racks. These are used to safely transport the products all over the supply chain system. According to a recently study by Trends Market Research, the global returnable transport packaging (RTP) market was value at USD 2.5-billion in 2017 and is expected to reach USD 5.2-billion by 2026 at a CAGR of 9.5%.

Due to the factor that returnable transport packaging (RTP) is environment-friendly and cost-efficient, the market is growing at a significant rate. The returnable transport packaging market has great potential due to the rising landfilling issues, regulations on environmental issues, and the high cost of the packaging. The eCommerce organisations and the many industrial companies spend a lot on the packaging which affects largely on their service and manufacturing costs. Due to all these factors, there is a massive demand for the returnable transport packaging.

Wood material type segment is leading the global returnable transport packaging market. Returnable wood transport packaging is set to witness the highest growth rate owing to that sole reason of environmental impact, capital investment needed, and the total cost of the system, as well as transport/storage/repairs, ergonomics, and safety for workers when compared with other materials used. Though, there are stringent regulations that might impact market growth.

Region-wise, North America is expected to hold the maximum share in the global returnable transport packaging market throughout the forecast period. The demand for reusable packaging products will be the primary driver for the growth of the market in North America. The largest market segments contributing to the growth of the market in North America region are food and beverages and household products.

Key players operating in global returnable transport packaging market include CSI Sertapak Inc., Free Pack Net, PalletOne, DS Smith, Nefab AB, George Utz, SSI Schaefer LTDA, Foxwood, European Logistics Management, Myers Industries, Monoflo International, Eltete TPM, Schoeller Allibert, Polymer Logistics N., Lamar Packaging Systems, Outpace Packaging Solutions, DelTec Packaging, Green Peas Solutions, IFCO Systems, and CHEP International.

For details, visit Trends Market Research.


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